Joseph Stiglitz: Corporate greed is accelerating climate change. But we can still head off disaster
Updated 1333 GMT (2133 HKT) April 21, 2019
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Joseph E. Stiglitz is University Professor at Columbia University and winner of the Nobel Prize in Economics. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the chief economist of the Roosevelt Institute. His latest book, People, Power, and Profits: Progressive Capitalism for an Age of Discontent, will be released by W.W. Norton on April 23. The opinions expressed in this commentary are his own.
America's economy has not been working for a large portion of the country. Workers at the bottom of the income scale earn wages, adjusted for inflation, that are not much higher than what they were 60 years ago, while the income of a typical full‐time male worker hasn't budged much from 40 years ago. In addition, life expectancy is in decline. But the economy is not only failing American citizens. It's failing the planet, and that means it's failing future generations.